What does a company limited by shares mean?

A joint stock limited company refers to an enterprise legal person whose registered capital consists of equal shares and raises funds by issuing shares. The company shall be liable for the debts of the company with all its assets, and the shareholders shall be liable for the company to the extent of the shares subscribed by them. A joint stock limited company may initiate the establishment or offer the establishment.

Organization of a joint stock limited company:

1. Shareholders' Meeting: The shareholders' meeting of a joint stock limited company is composed of shareholders, and the shareholders' meeting is the authority of the company.

2. Board of Directors: The board of directors is responsible for the general meeting of shareholders, is responsible for convening the general meeting of shareholders, and reports its work to the general meeting of shareholders.

3. Manager: A joint stock limited company shall have a manager, who shall be appointed or dismissed by the board of directors and be responsible to the board of directors.

4. Board of Supervisors: The board of supervisors is composed of shareholders' representatives and employees' representatives in an appropriate proportion, and the specific proportion is stipulated in the articles of association.

The basic characteristics of a company limited by shares:

1, Limited by Share Ltd is an independent Economic legal.

2. The number of shareholders of a joint stock limited company shall not be less than the quorum.

3. The shareholders of a joint stock limited company shall bear limited liability for the debts of the company, and the liability limit shall be the number of shares payable by the shareholders.

4. All the capital of a joint stock limited company is divided into equal shares, and funds are raised through public offering. Anyone can become a shareholder of the company after paying the shares, and there is no qualification restriction.

5. The shares of the company can be freely transferred, but they cannot be withdrawn.

6. The company's accounts must be made public, so that investors can know about the company and make choices.

7. The establishment and dissolution of the company have strict legal procedures and complicated procedures.